The Zeitgeist | 1.17.2019

This is our feature of the 10 most on-Narrative (i.e. interconnected, highly similar) stories in financial media. It’s not a list of best articles, or articles we think are most interesting, or articles we agree with. But if you’re going to read 5-10 stories when you start your day, these are the ones that are most connected to the financial news that got published today.

China Must Adjust To Some New Realities – But Will It?

EMERGING MARKETS-Emerging market stocks dip, S.African rand soft ahead of rate meet

Inflation Is Nowhere in Sight

Medicine Man Technologies, Inc. announces launch of direct operator division of licensed cannabis operations

A $1.8 trillion investor says US stock rally has years to run

Tyranny of the algorithm: how Uber replaced one exploitative boss with another

Aussie house prices drop expected to be worst in the world

Corporate Earnings May Still Trip on Lower Bar

Why investors should fear ‘fallen angels’

5 Pieces of Advice from John Bogle

Comments

  1. Great Idea!

    Bottom line: When discussion of monetary policy is at its highest pitch, there is often less cause for concern than when almost no one it talking about it. When the big players miss there marks…its the Fed’s Fault when they do hit there marks…no mention of the Fed!

    Yes, he will keep hiking but will probably wait until the second half of 2019! Volcker tackled the “Great Inflation” and Powell is tackling the “Asset-Economy.” The sky is not falling folks! Know thyself First! Ben has stated several times he is by nature a “Contrarian-Bear,” so that is his starting point of realizing his emotional state…how bout you? Don’t become a Zombie…know the difference between recession and slowdown…either way, it does look like a cyclical down trend. But what you see can be deceiving…Bogle new this! What a smart guy! To a better place…

    “Since the liquidity trap is gone, and inflation remains well under control, the liquidity trap does not seem to be the reason why inflation did not explode post-2008, following the Fed’s stabilization measures.
    No one is admitting this simple reality, which is staring us in the face.”
    —Tyler Cohen, Aug18

  2. I notice the narrative around Facebook seems to have swung very hard negative recently. Like the story yesterday about 10-year old profile pictures and whether they’re used to train creepy AI age extrapolation algorithms. I wonder if any if these just missed the cut?

  3. AI doesn’t require the ability to learn. In the most extreme case, all intelligent behavior in the machine could be directly hard-coded into it by a programmer. The machine can still conform to the definition of AI as long as the preset algorithm allows it to achieve its objective. Many current-day AI systems are actually of this rule-based systems type, where engineers supply all the intelligence to the system…it has a long way to go! But it makes a great buzzword!

Continue the discussion at the Epsilon Theory Forum

Participants

Avatar for rguinn Avatar for Landvermesser Avatar for u3sandifer

The Daily Zeitgeist

ET Zeitgeist: Raccoons Never Sleep

By Ben Hunt | May 28, 2021 | 5 Comments

Lemonade (LMND) isn’t just an insurance company. No, no … they’re an AI Company! ™.

Plus Chamath is up to his old tricks.

I hate raccoons.

Inflation as Ad Campaign

By Ben Hunt | May 24, 2021 | 0 Comments

An ET Pack member sent me this. Anyone else come across ads that directly call out inflation expectations? Would love to collect more screenshots like…

Many People Are Saying … Bitcoin is Art

By Ben Hunt | May 24, 2021 | 0 Comments

The Bitcoin Is Art thesis that I put out back in 2015 (The Effete Rebellion of Bitcoin) and recently put forward again (In Praise of…

The Zeitgeist – April 19, 2021

By Ben Hunt | April 19, 2021 | 6 Comments

Here’s what we’re reading and working on this week at Epsilon Theory.

Hot and Cold

By Rusty Guinn | March 23, 2021 | 26 Comments

Most of us are under the impression that a protracted conflict within China will increase national unity. Not this time.

A Change in the Water

By Ben Hunt | March 3, 2021 | 3 Comments

Increasingly, the common knowledge of our investment world – what everyone knows that everyone knows – is that inflation is a problem and you should be focused on it.

DISCLOSURES
This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.